‘The Big Money Show’ talks about President Donald Trump’s trade strategy while closing a deal with the European Union.
President Trump announced on Wednesday that the US and South Korea have reached an extensive trade agreement, in which the Eastern Asian country will invest $ 350 billion in American projects selected by Trump.
Zuid -Korea, which has agreed to “be fully open” to act with the US, will now be confronted with a lowered rate of 15% on imported goods – against the planned 25%, which would have come into effect on 1 August, Trump said.
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“I am pleased to announce that the United States of America has agreed to a complete and complete trade agreement with the Republic of Korea,” Trump said in a truth in the truth on Wednesday. “The deal is that South Korea will give the United States $ 350 billion dollars for investments owned and are controlled by the United States, and selected by myself as president.”
US President Donald Trump in Turnberry, Scotland, Great -Britain, July 27, 2025. (Evelyn Hockstein / Reuters / Reuters -photos)
As part of the deal, the US president said that South Korea will also buy $ 100 billion in liquid natural gas (LNG) or other energy products.
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“In addition, South Korea will buy $ 100 billion dollars from LNG, or other energy products and further South Korea has agreed to invest a large sum of money for their investment purposes,” Trump said. “This amount will be announced within the next two weeks when the President of Zuid -Korea, Lee Jae Myung, comes to the White House for a bilateral meeting.”
Newly elected South Korean President Lee Jae-Myung speaks during a press conference at the presidential office on 4 June 2025 in Seoul, South Korea. (Ahn Young-Joon / Getty Images / Getty Images)
In The Truth Social Post, Trump congratulated South Korean President Lee Jae-Myung on his recent election profit. South Korean voters waved left in the presidential race last month, and conservative candidate Kim Moon-Sooo admitted the defeat to liberal opponent Lee in the Snap elections.
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“I would also like to congratulate the new president on his election success. It is also agreed that South Korea will be fully open to trade with the United States, and that they will accept the American product, including cars and trucks, agriculture, etc.,” Trump said. “… I would like to thank the trade representatives who came to the fore today. It was an honor to meet them and talk about the great success of their country!”
The American Foreign Minister Marco Rubio talks as he arrives for a handshake for photographers with Pakistani vice -prime minister and Minister of Foreign Affairs Ishaq Dar at the Ministry of Foreign Affairs in Washington, DC, US, July 25, 2025. (Reuters / Reuters -photos)
The announcement only comes a few hours after Trump announced that the US Had a trade agreement affiliated with Pakistan in which the two countries will work together to develop the oil reserves of the South Asian country.
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Earlier this month, Trump announced that the US would impose 25% rates for goods imported from Japan and South Korea, with effect from 1 August.
The White House did not immediately respond to FOX Business’s request to comment.
